New Assurance University Webinar to Discuss Protection Options in Case of a Temporary Manufacturing Shutdown

Schaumburg, IL (January 27, 2012) - In response to the devastating wave of natural disasters over the past several years, Assurance University is hosting an online webinar to educate manufacturers on business interruption insurance options, as well as the common misconceptions that lead to gaps in coverage. Over the past several years, we have seen or experienced the harsh repercussions of a natural disaster both on our homeland and overseas. The rebuilding phase can take anywhere from months to years and some businesses never fully recover.

If your business is vulnerable to losses in the case of a temporary manufacturing shut down, join us on Tuesday, February 28, 2012, from 12:30-1:30 p.m. CST for our in-depth webinar titled “Manufacturing Operation Temporarily Shut Down? There’s an App for That!”

Presenters Howard Mishne (Senior National General Adjuster, Globe Midwest/Adjusters International) and Wendy Biety (CPA, Globe Midwest/Adjusters International) will outline what Business Interruption coverage is, how it is triggered and its importance to the manufacturing industry. Attendees will explore the claim handling process, including claim evaluation and requirements from the insurance company. Howard and Wendy will also speak on the guidelines for assessing the appropriate period of restoration and factors that can alter it. Furthermore, the webinar will help you discover the key components surrounding the measurement of business interruption losses, such as sales/revenue trend, cost of goods sold and additional fixed and variable expenses including payroll.

To sign up for the manufacturing webinar, visit www.assuranceagency.com/university or register by phone at 847-463-7872.

This seminar is sponsored in part by Assurance's Esteemed level business partners: AMWins, Blue Cross Blue Shield of Illinois, Chartis Insurance, CNA, CRC Insurance Services, Inc., Crump Insurance Services, Inc., The Hanover Insurance Group, The Hartford, Philadelphia Insurance Group, RT Speciality, SeaBright Insurance Company, Travelers, West Bend, Westfield Insurance and Westrope. This webinar is also sponsored in part by Assurance’s Visionary level business partners: Allstate, CHC Wellness, HealthCap, Harleysville, Highland Risk Services, Meltzer, Purtill & Stelle LLC, Slavin & Slavin, SmithAmundsen, XL Insurance, and Zurich.